Blue Fox Financial

DEBT SETTLEMENT – basically an agreement between a creditor and a consumer where the total debt balance owed is reduced and/or fees are waived, and the reduced debt amount is paid in a lump sum instead of monthly payments.

This is a very popular option in the United States as bankruptcy and insolvency rules are very different than the commonwealth countries. What they are doing is basically an informal settlement offering cash as a one-time payout. Unfortunately, most people in this situation do not have the cash necessary.

In most cases in Canada however, you will have to entrust your money to these companies on a monthly basis and once a sizable sum has been accumulated (plus fees) the deal is struck. Our recommendation is a DIY (do-it-yourself) strategy to get similar results.

Contact Blue Fox Financial to find out more and see if this option is right for you.